Agrarian Credit Corporation announces the start of crop insurance against drought and rains, which is conducted on the website Kezekte.kz .
It is noted that the cost of the insurance contract is reduced by 80% due to state subsidies.
In the current season, in addition to cereals - wheat, barley, oats, corn; oilseeds - sunflower, rapeseed, flax; the list of crops subject to insurance includes:
- buckwheat,
- millet,
- grain sorghum,
- spring triticale
- , spring rye,
- peas,
- chickpeas,
- lentils,
- soy,
- spring ginger,
- safflower,
- mustard.
ACC recalls that insurance contracts against soil moisture deficiency must be concluded according to
- grain - until April 1,
- oilseed - until April 15.
Insurance protection period:
- according to the soil moisture deficiency index (2 phases) - from June 15 to September 15,
- according to the soil moisture deficiency index (3 phases) - from May 15 to September 14, 2023.
Insurance contracts against excess moisture in the soil must be concluded before August 1, 2023. The insurance coverage period for this product is from August 15 to October 14, 2023.In et
The tariffs for index insurance products have changed this year. Let's look at a concrete example.
So, if a farmer has insured a thousand hectares, then at the conclusion of an insurance contract with a cost rate of 50,000 tenge per hectare, the insurance premium will be 1,750,000 tenge (1,000 hectares * 50,000 tenge * 3.5% insurance rate). Of this amount, 1,400,000 tenge is paid by the state in the form of subsidies (80% of the insurance premium).
Upon the occurrence of an insured event, the farmer will receive an insurance payment in the amount of 16 500 000 tenge (1000 ha * 50,000 tenge * 33%), which corresponds to the maximum amount of 33% of the insured value under the contract with two-phase insurance.